FHWA Divides Up $62B in Highway, Bridge Formula Funds
Formula highway financing has actually increased due to the IIJA.Illustration by Scott Hilling/ENR, initial aspects by Getty Images.
The Federal Highway Administration has actually assigned $62 billion in federal highway formula funds to states to assist fund upgrades to highways, bridges, tunnels and other facilities around the nation.In revealing the financing circulations on Oct. 1, FHWA stated that the formula program financing has actually been on the increase because the arrival of the Infrastructure Investment and Jobs Act (IIJA).Transport Secretary Pete Buttigieg stated that to date FHWA has actually moneyed more than 60,000 tasks from the IIJA.He stated that the brand-new formula financing "will assist states and neighborhoods continue to restore roadways and bridges, ex...